Which of the following describes why an economy's production possibility curve is "bowed" outward?
A) The opportunity cost of production of a good is constant as more of it is produced.
B) Some resources are more substitutable among productive tasks than others.
C) The opportunity cost of production of a good decreases as more of it is produced.
D) Resources cannot be substituted between productive tasks.
Correct Answer:
Verified
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A) the
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